Answer the following with reference to the Companies (Share Capital and Debentures) Rules, 2014, as to whether these are the eligible employees under Employee Stock Option ? (Yes/No with reasons) Anil is a promoter and e
CS Executive · Securities Laws and Capital Markets · PYQS · December 2018
Answer the following with reference to the Companies (Share Capital and Debentures) Rules, 2014, as to whether these are the eligible employees under Employee Stock Option ? (Yes/No with reasons) Anil is a promoter and employee.
Answer & Explanation:
No. As per Rule 12 (1) (i), an employee who is a promoter or a person belonging to the promoter group is not an employee. Hence, Anil is not an eligible employee for ESOP.
Topics: Companies Act, 2013
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